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Help with simple maths for telephone interview

  • 11-12-2009 12:48am
    #1
    j2u
    Closed Accounts Posts: 314 ✭✭


    Hi i have a telephone interview with halifax for a customer service role but i have read that throught the telephone interview process they will ask some basic maths questions. Theres just one that i need to clarify . I know the formula but if someone could just confirm the answer.

    So here is what somebody on another forum posted as a question they were asked:

    A customer pays £70 a month into a savings account, after 12 months the balance is £910. How much interest have they earned?

    My maths is a little rusty and know this is probaly a laughable question to even ask here but i just want to confirm the answer as im not fully sure what is the principle sum? Is it the sum deposited and excluding the interested which is £840 (£70 x 12 months) or the total including the interest which is £910


Comments

  • #2
    SoupyNorman
    Registered Users, Registered Users 2 Posts: 4,257 ✭✭✭SoupyNorman


    One Goat I tolds yeh... :confused:


  • #3
    RoundTower
    Registered Users, Registered Users 2 Posts: 5,083 ✭✭✭RoundTower


    the principal is the amount put in, so £840.


  • #4
    **Timbuk2**
    Moderators, Education Moderators, Motoring & Transport Moderators Posts: 7,396 Mod ✭✭✭✭**Timbuk2**


    j2u wrote: »
    A customer pays £70 a month into a savings account, after 12 months the balance is £910. How much interest have they earned?

    910 - (12*70) = £70 interest


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